The rapid sell off in GBP pairs was very evident yesterday and I expect the campaign for Brexit will play on traders minds.
Technically a 20% correction in price is deemed to imply a bear trend is in progress so if GBPJPY can break 156.51 then I expect a move towards the 148-149 area before bouncing at the time of the Brexit result in June.
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Technically a 20% correction in price is deemed to imply a bear trend is in progress so if GBPJPY can break 156.51 then I expect a move towards the 148-149 area before bouncing at the time of the Brexit result in June.
For more information please sign up to my website: www.ejfxtrading.com